Wedoany.com Report, On March 11, 2026, China State Construction Engineering Corporation Limited announced that its 31st meeting of the fourth board of directors reviewed and passed a proposal. Li Yongming will no longer serve as Vice President and will not hold any position within the company after his departure.
Li Yongming has assumed a new role as a Director at China Merchants Group. On March 6, China Merchants Group and Tsinghua University signed a strategic cooperation agreement in Beijing. Li Yongming attended the signing ceremony in his capacity as Deputy Party Secretary and Director of China Merchants Group.
Public resume information shows that Li Yongming was born in December 1972, hails from Pizhou, Jiangsu Province, holds a university degree and a master's degree, and is a professor-level senior engineer. He has held management positions at organizations including China Construction Eighth Engineering Division First Construction Co., Ltd., China Construction Eighth Engineering Division, and China State Construction Engineering Corporation Limited. He served as Deputy General Manager and Party Group Member of China State Construction Engineering Corporation (Group) Limited starting from March 2023.
China Merchants Group is a centrally administered state-owned enterprise headquartered in Hong Kong. Its business covers multiple fields including transportation and logistics, comprehensive finance, real estate and industrial parks, and technology innovation industries. In 2025, the group's operating revenue was 882.2 billion yuan, with a total profit of 228 billion yuan, and total assets reached 15.6 trillion yuan.
Recently, China State Construction Engineering Corporation (Group) Limited has seen frequent personnel changes. Including Li Yongming, two former deputy general managers have assumed new roles at other enterprises within half a year. According to the business brief released by China State Construction, the total value of newly signed contracts for the full year of 2025 was 4,545.8 billion yuan, a slight increase of 1% year-on-year.
